311 S Morgan Ave Broussard, LA 70518
Broussard AreaEstimated payment $1,169/month
Total Views
10,240
3
Beds
2
Baths
1,705
Sq Ft
$117
Price per Sq Ft
Highlights
- Hot Property
- Wood Flooring
- Walk-In Closet
- Ernest Gallet Elementary School Rated A-
- Corner Lot
- Shed
About This Home
INVESTMENT OPPORTUNITY WITH TENANT IN PLACE! This extensively renovated property offers investors the opportunity to acquire an income-producing asset with an existing lease in effect through August 2027.Zoned CN (Commercial Neighborhood), the property offers added long-term flexibility with potential for both residential and commercial uses, subject to applicable zoning requirements. Whether held as a rental investment or considered for future professional office, boutique, salon, studio, service-based business, or other permitted use, this property offers options beyond a traditional residential rental.The property has undergone extensive renovations, including new floor joists, subflooring and flooring, a renovated bathroom with new shower and toilet, new appliances, fresh interior paint, updated fixtures, new water heater, new AC ductwork, and a refreshed kitchen featuring new countertops, tile backsplash, and hardware. A complete renovation list is available upon request.Additional features include three separate driveway entrances, a storage shed, convenient access to Main Street shopping, dining and local activities, and a location in Flood Zone X.Tenant occupied with lease in place through August 2027. No showings prior to an accepted offer. Please do not disturb tenant. Lease information, renovation records and city zoning documents are available upon request.Seller is motivated and welcomes offers.
Home Details
Home Type
- Single Family
Year Built
- Built in 1975
Lot Details
- 6,534 Sq Ft Lot
- Corner Lot
Parking
- 1 Carport Space
Home Design
- Brick Exterior Construction
- Pillar, Post or Pier Foundation
- Frame Construction
- Composition Roof
Interior Spaces
- 1,705 Sq Ft Home
- 1-Story Property
- Window Treatments
- Electric Dryer Hookup
Kitchen
- Stove
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Schools
- Drexel Elementary School
- Broussard Middle School
- Comeaux High School
Additional Features
- Shed
- Central Heating and Cooling System
Community Details
- Broussard Addition Subdivision
Listing and Financial Details
- Tax Lot 7-8
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $918 | $10,743 | $774 | $9,969 |
| 2024 | $931 | $10,743 | $774 | $9,969 |
| 2023 | $931 | $9,859 | $774 | $9,085 |
| 2022 | $852 | $9,859 | $774 | $9,085 |
| 2021 | $856 | $9,859 | $774 | $9,085 |
| 2020 | $834 | $9,624 | $774 | $8,850 |
| 2019 | $793 | $9,624 | $774 | $8,850 |
| 2018 | $811 | $9,624 | $774 | $8,850 |
| 2017 | $810 | $9,624 | $774 | $8,850 |
| 2015 | $475 | $9,075 | $550 | $8,525 |
| 2013 | -- | $5,660 | $550 | $5,110 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/03/2026 08/03/26 | Price Changed | $199,000 | -9.1% | $117 / Sq Ft | |
| 07/28/2026 07/28/26 | Price Changed | $219,000 | -2.7% | $128 / Sq Ft | |
| 07/17/2026 07/17/26 | For Sale | $225,000 | +60.7% | $132 / Sq Ft | |
| 07/10/2025 07/10/25 | Sold | -- | -- | -- | View Prior Sale |
| 06/23/2025 06/23/25 | Pending | -- | -- | -- | |
| 06/13/2025 06/13/25 | For Sale | $140,000 | 0.0% | $82 / Sq Ft | |
| 05/26/2025 05/26/25 | Pending | -- | -- | -- | |
| 05/26/2025 05/26/25 | Price Changed | $140,000 | -12.5% | $82 / Sq Ft | |
| 05/14/2025 05/14/25 | Price Changed | $160,000 | -15.8% | $94 / Sq Ft | |
| 04/15/2025 04/15/25 | For Sale | $190,000 | -- | $111 / Sq Ft |
Source: REALTOR® Association of Acadiana
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $117,500 | None Listed On Document |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $175,000 | New Conventional | |
| Closed | $94,000 | New Conventional | |
| Previous Owner | $84,000 | New Conventional |
Source: Public Records
About the Listing Agent
About Elaina Thrasher | REALTOR® with eXp Realty
Hey! Thanks for stopping by my page. My name is Elaina. As a dedicated REALTOR® with eXp Realty, I’m proud to serve Lafayette and the surrounding Acadiana area. Whether you’re buying your first home, selling your current property, or looking to invest, my goal is to make your real estate experience seamless, rewarding, and stress-free.
With a background in restaurant management and customer service, I bring a strong focus on communication,
Elaina's Other Listings
Source: REALTOR® Association of Acadiana
MLS Number: 2600006461
APN: 6034704
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR® Association of Acadiana’ MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate.
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